In this paper we emphasize the connection between adaptive intelligent behavior, causal entropy maximization and self-organized equilibrium seeking behavior in an open dynamic micro economic systems. This entropy based causal adaptive behavior framework permits the use of information theoretic...

This paper considers the problem of the identification of causal effects using instrumental variables. We are interested in the effects of some treatments on certain outcomes. First, we consider that a participation in a treatment or a program is only possible one time but we have the choice...

The need to evaluate the performance of active labour market policies is not questioned any longer. Even though OECD countries spend significant shares of national resources on these measures, unemployment rates remain high or even increase. We focus on microeconometric evaluation which has to...

In this paper we use Monte Carlo simulation to investigate the impact of effect size heterogeneity on the results of a meta-analysis. Specifically, we address the small sample behaviour of the OLS, the fixed effects regression and the mixed effects meta-estimators under three alternative...

This paper uses an innovative theoretical framework for investigating gender and social differences in wellbeing among Indian households. On the conceptual side, we adopt a multidimensional definition of well-being that includes three key dimensions - wealth, health, education - with an...